Oakwood Plowing Company purchased two new plows for the upcoming winter, In 200 days, Oakwood must make

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Oakwood Plowing Company purchased two new plows for the upcoming winter, In 200 days, Oakwood must make a single payment of $23,485 to pay for the plows. As of today, Oakwood has $23,100, Assume the Oakwood puts the money in a bank today, what rate of interest will it need to pay off the plows in 200 days?

Posted Date: Apr 08, 2022 01:08 AM

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Oakwood Plowing Company purchased two new plows for the upcoming winter, In 200 days, Oakwood must make

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